Electric automaker Rivian has reported a narrower-than-expected loss for its second quarter of 2023. In a positive turn, the company has revised its production expectations for 2023, now aiming to manufacture about 52,000 vehicles. This ambitious target is over twice the number of vehicles it produced in 2022 and an upgrade from its previous forecast […]
General Motors (GM) has unveiled plans to incorporate vehicle-to-home (V2H) bidirectional charging technology into its range of Ultium-based electric vehicles (EVs) by 2026. This innovative technology will debut in the 2024 Chevrolet Silverado EV RST, and subsequently in models like the 2024 GMC Sierra EV Denali Edition 1, 2024 Chevrolet Blazer EV, 2024 Chevrolet Equinox […]
Lucid Group has unveiled the final specs for its Lucid Air Sapphire luxury super-sports sedan. This EV boasts a blistering 0-60 mph in just 1.89 seconds and a top speed of 205 mph. The Air Sapphire is not just about speed. It’s a blend of cutting-edge technology and refined design. The vehicle is powered by […]
Lucid Group has announced its second quarter financial results for 2023, highlighting an increasing net loss alongside promising growth indicators. Despite the escalating losses, Lucid maintains its annual production guidance of more than 10,000 vehicles for 2023. The company announced a revenue of $150.9 million, attributed to the delivery of 1,404 vehicles. However, the company’s […]
In a thrilling showdown, the Tesla Model X Plaid went head-to-head with the Porsche 911 Turbo S in a drag race, showcasing the prowess of electric power against traditional combustion engines. The event was hosted by the hilarious Matt Watson on the popular YouTube channel, carwow. The Porsche 911 Turbo S is a testament to […]
Lucid Motors has dropped pricing and financing options for its Lucid Air models. As part of the Pure Summer Event for August, the electric vehicle manufacturer has announced some price reductions across its range, ahead of its upcoming earnings release on Monday, August 7, 2023. The Lucid Air Pure AWD, originally priced at $87,000, has […]
Ulrich Kranz, a senior executive at Apple working on the company’s electric-car efforts, and Paul Balciunas, former Chief Financial Officer of electric-vehicle startup Canoo, have been sued by the Securities and Exchange Commission (SEC). The federal lawsuit was filed in Los Angeles, accusing the pair of breaking securities rules at Canoo. Kranz, who previously served […]
General Motors Co. (GM) officially introduced the world to the Celestiq, a new high-end electric vehicle with a deep connection to women in the industry. The event marked a significant shift in an industry historically dominated by men, touted the company. With a whopping $340,000 USD starting price for the electric hatchback, it will serve […]
Image credit: Fisker Inc. At its inaugural Product Vision Day held in Huntington Beach, CA, Fisker Inc. unveiled its visionary all-electric vehicle lineup for the coming years, including the grand-touring Ronin, the innovative PEAR, the powerful Alaska pickup truck, and an off-road version of the Fisker Ocean SUV. Chairman and CEO Henrik Fisker led the […]
Almost a dozen former Tesla employees who left to join Rivian are headed to trial, following a ruling over claims that they breached Tesla’s confidentiality agreements. The employees were accused of stealing proprietary information before joining Rivian. In a tentative decision on Wednesday, a California Superior Court judge denied the employees’ request for summary adjudication, […]
Subaru announced ambitious plans on Wednesday to reach annual sales of 600,000 battery electric vehicles (EVs) by 2030, accounting for 50% of its global sales target. The new goal reflects a significant increase from the company’s previous aim to have battery EVs and hybrids make up at least two-fifths of the expected 1.2 million global […]
General Motors has started shipping of its much-anticipated Chevrolet Blazer EV, with the official pricing for the trims set to be released later this year. The first of the Blazer EVs, the RS all-wheel-drive trim, began shipping from GM’s plant in Ramos Arizpe, Mexico, to dealers on Monday. The vehicle, which boasts an estimated range […]
Ford’s second-quarter 2023 report reveals solid operating results with a 12% YoY increase in revenue to $45 billion. The surge was largely driven by the popularity of its various product lines including trucks, SUVs, and commercial vans. A standout was Ford’s electric unit, Ford Model e, that registered a revenue increase of 39%, further establishing […]
Porsche AG issued a warning on Wednesday about the ongoing supply chain issues that are impeding its battery-electric vehicle (BEV) production. The company also indicated slower growth in Europe and China. Despite these challenges, Porsche remains optimistic about its BEV sales target, attributing this confidence to the resilience of luxury demand during economic downturns. Lutz […]
The Volkswagen Group is bolstering its foothold in the Chinese automotive market through strategic partnerships with Xpeng and SAIC. The move is part of the Group’s local electrification strategy, aiming to tap into new customer and market segments in China’s rapidly growing e-mobility market. Volkswagen has inked a technological framework agreement with Xpeng. The initial […]
